Are Wall Street Analysts Predicting PACCAR Stock Will Climb or Sink?

Bellevue, Washington-based PACCAR Inc. (PCAR) designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks for the over-the-road and off-highway hauling of commercial and consumer goods. With a market cap of $51.6 billion, PACCAR operates through Truck, Parts, and Financial Services segments.

The company has notably lagged behind the broader market over the past year. PCAR stock has gained 5.5% over the past 52 weeks and dropped 6.4% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 21.1% gains over the past year and 7.9% returns on a YTD basis.